Known for white-sand beaches, art deco buildings, and nightlife, as well as strong Latin influences and high-end high-rises.

37,000

Jobs Created
1.4%

$53,077

Median Household Income
3.3%

19,579

Total Housing Permits
-1%

304

Total Number of Projects
-3.5%

$567,482

SFD New Home List Price
3.6%

1,699

New Home Sales
-6.2%
Monthly

Market Health

Miami's population is 6.2M, with a total workforce of 2.6M. The labor market grew by 37,000 jobs over the past year, up by 1.4%. The median household income in Miami is $53,077, 3.3% higher than last year and 13.5% below the national average of $61,372. In the housing market, total permits issued totaled 19,579 over the last twelve months, down 1.0% year-over-year.

Miami has 304 active new home projects on the market, 3.5% fewer than the 315 from last year. The average list price in the market is $567,482, 3.6% higher than last year and 77.2% above the national average. Over the last three months, new home contracts decreased by 6.2% to 1,699. Miami and Homestead had the highest concentration of the new home contracts in the Miami market.

Our Experts

Work with leaders in the industry.

Victor Furnells

Vice President Sales, East

Victor Furnells

Vice President Sales, East


Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


Michael Timmerman

Senior Vice President

Michael Timmerman

Senior Vice President


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